We are delighted to share with you our Landmark Report on the Integrity and GESI Outcomes in the Emerging Voluntary Carbon Market in Malaysia, authored by Mr Ho Yi Jian. 📗 🍃
This initiative was developed under TI-Malaysia's Climate Governance Integrity Programme with support from the Waverley Street Foundation, highlights both the opportunities and governance risks facing Malaysia's voluntary carbon market (VCM), which has gained momentum since the launch of the Bursa Carbon Exchange (BCX) in 2022. This report marks a significant step in understanding the challenges and opportunities within the voluntary carbon market, with a strong focus on governance, equity, and social inclusion. The report was developed through extensive research, roundtable discussions, interviews with key stakeholders, industry experts, government institutions, local communities, civil society organizations, and academics, ensuring a well-rounded perspective on its findings and implications.
It was officially launched on 30 May 2025 at the Tropicana Golf and Country Resort, Petaling Jaya. It was developed through extensive roundtable discussions, interviews with key stakeholders, industry experts, government institutions, local communities, civil society organizations, and academics, ensuring a well-rounded perspective on its findings and implications.
The report highlights the governance risks facing the voluntary carbon market and calls for urgent action.
Key Highlights:
🍃Limited transparency on environmental and social impact assessments, revenue-sharing models, and beneficial ownership data.
🍃 Lack of national grievance mechanisms, leaving affected communities dependent on foreign or project-led systems.
🍃 Weak Gender Equality and Social Inclusion (GESI) integration, increasing the risk of excluding vulnerable groups.
🍃 Urgent need for long-term, locally driven capacity-building to support Indigenous- and women-led climate projects.
Policy Recommendations:
🍁Stronger anti-corruption safeguards, including enhanced due diligence, more explicit conflict-of-interest rules, and corporate whistleblower mechanisms.
🍁Greater transparency and independent oversight involving civil society, media, and local communities.
🍁A shift from box-checking compliance to people-centred approaches, prioritizing social and environmental integrity over transaction volume.
We hope this report serves as a valuable resource in advancing transparency, accountability, and inclusivity in Malaysia’s evolving voluntary carbon market landscape.
🗞️ Link to Access the Report:Integrity and GESI Outcomes in the Emerging Voluntary Carbon Market in Malaysia
This initiative was developed under TI-Malaysia's Climate Governance Integrity Programme with support from the Waverley Street Foundation, highlights both the opportunities and governance risks facing Malaysia's voluntary carbon market (VCM), which has gained momentum since the launch of the Bursa Carbon Exchange (BCX) in 2022. This report marks a significant step in understanding the challenges and opportunities within the voluntary carbon market, with a strong focus on governance, equity, and social inclusion. The report was developed through extensive research, roundtable discussions, interviews with key stakeholders, industry experts, government institutions, local communities, civil society organizations, and academics, ensuring a well-rounded perspective on its findings and implications.
It was officially launched on 30 May 2025 at the Tropicana Golf and Country Resort, Petaling Jaya. It was developed through extensive roundtable discussions, interviews with key stakeholders, industry experts, government institutions, local communities, civil society organizations, and academics, ensuring a well-rounded perspective on its findings and implications.
The report highlights the governance risks facing the voluntary carbon market and calls for urgent action.
Key Highlights:
🍃Limited transparency on environmental and social impact assessments, revenue-sharing models, and beneficial ownership data.
🍃 Lack of national grievance mechanisms, leaving affected communities dependent on foreign or project-led systems.
🍃 Weak Gender Equality and Social Inclusion (GESI) integration, increasing the risk of excluding vulnerable groups.
🍃 Urgent need for long-term, locally driven capacity-building to support Indigenous- and women-led climate projects.
Policy Recommendations:
🍁Stronger anti-corruption safeguards, including enhanced due diligence, more explicit conflict-of-interest rules, and corporate whistleblower mechanisms.
🍁Greater transparency and independent oversight involving civil society, media, and local communities.
🍁A shift from box-checking compliance to people-centred approaches, prioritizing social and environmental integrity over transaction volume.
We hope this report serves as a valuable resource in advancing transparency, accountability, and inclusivity in Malaysia’s evolving voluntary carbon market landscape.
🗞️ Link to Access the Report:Integrity and GESI Outcomes in the Emerging Voluntary Carbon Market in Malaysia